Bill Barrett (BBG) PT Lowered to $6.00 at Barclays

Bill Barrett (NYSE:BBG) had its price target cut by Barclays from $7.00 to $6.00 in a research report released on Tuesday, Marketbeat reports. They currently have an equal weight rating on the energy company’s stock.

Several other research analysts have also commented on BBG. KeyCorp reissued a hold rating on shares of Bill Barrett in a report on Monday, October 16th. Zacks Investment Research raised Bill Barrett from a sell rating to a hold rating in a report on Monday, August 14th. Imperial Capital began coverage on Bill Barrett in a report on Thursday, September 28th. They set an in-line rating and a $5.00 price objective for the company. ValuEngine raised Bill Barrett from a strong sell rating to a sell rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $7.00 price objective on Bill Barrett and gave the stock a buy rating in a report on Thursday, October 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $6.50.

Bill Barrett (NYSE:BBG) opened at $4.51 on Tuesday. Bill Barrett has a twelve month low of $2.66 and a twelve month high of $7.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78.

Bill Barrett (NYSE:BBG) last issued its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The company had revenue of $67.87 million during the quarter, compared to analyst estimates of $61.23 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Bill Barrett’s revenue was up 34.4% on a year-over-year basis. research analysts anticipate that Bill Barrett will post -0.47 earnings per share for the current fiscal year.

In other news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $6.42, for a total transaction of $64,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 30,000 shares of company stock valued at $152,500. Insiders own 2.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BBG. BNP Paribas Arbitrage SA boosted its stake in shares of Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Bill Barrett during the third quarter valued at approximately $120,000. Arizona State Retirement System boosted its stake in shares of Bill Barrett by 0.8% during the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after purchasing an additional 300 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Bill Barrett during the second quarter valued at approximately $148,000. Finally, Green Square Capital LLC boosted its stake in shares of Bill Barrett by 46.7% during the second quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after purchasing an additional 17,500 shares during the period. 85.77% of the stock is owned by hedge funds and other institutional investors.

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About Bill Barrett

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

Analyst Recommendations for Bill Barrett (NYSE:BBG)

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